I got a line on a junior miner Spanish Mountain Gold SPAZF on the pink sheets. It seems to have everything: no debt, 3.2 Moz of gold, profitable extraction, located in B.C. Canada, all infrastructure already in place, good relations with the First Nations, permitted mines already operating in the area. Most importantly an all-star board of directors, and just recently Jim Rogers joined the board. Jim Rogers has always said eschew the miners — buy the bullion. He has a lot of face to lose and very little to gain by joining this board, unless he really believes it is a moneymaker. The stock has been terribly beaten down to .28. But they are due any day to release a new PEA, and it just looks like I should jump all over this. So can anyone tell me what I’m missing? I seem to be the only one in the word who’s gagga over this stock. Of course I’m not naive. I understand that even the best juniors always carry risk, but this seems like such a good bet, so can anyone give me any info I may have missed. Thanx.
And Travis as a relatively new irregular, I’m just totally loving the insight and humor I get from your newsletter.